WILMINGTON, N.C.--(BUSINESS WIRE)--nCino, the worldwide leader in cloud banking, announced today that Regions Bank, a top-20 U.S. bank, has selected its Bank Operating System to streamline its business loan origination process.
The nCino Bank Operating System is a single, secure cloud-based platform that centralizes essential loan origination capabilities with customer relationship management (CRM), business process management, and business intelligence and reporting. Adoption of the nCino platform will allow Regions Bank to increase efficiency and deliver a high quality experience for the bank’s clients.
Nathan Davis, Executive Vice President and Head of Innovation and IT Risk Management for Regions Bank, said: “At Regions our bankers are focused on delivering an industry-leading customer experience and providing capital to support businesses in the communities we serve. The adoption of nCino’s technology supports our efforts to offer our clients a responsive, digital and insightful experience.”
Regions selected the nCino platform to achieve the following benefits:
- Increased operational performance. The shift to electronic documents and workflow automation to reduce paper handling will drive productivity up and costs down post-deployment; and
- Institutional and portfolio transparency. With nCino, Regions employees can work more collaboratively and have visibility across the portfolio as well as the entire client relationship.
nCino CEO Pierre Naudé explained, “Regions has established a reputation for stability, financial expertise, convenience in banking and personal service. We’re excited to work with an organization that already embraces the tenets on which we built our technology. We see the Bank Operating System as enabling Regions to strengthen its delivery of these principles and expand relationships with its clients as a result.”
Regions Bank has selected Deloitte Digital to be its strategic implementation collaborator for its nCino rollout. Dounia Lievan, Managing Director, Deloitte Consulting LLP and banking lead, added, “Following the launch of our nCino Delivery Center of Excellence in 2015, we are proud to contribute our practitioners’ deep industry knowledge and digital experience to accelerate the availability of this technology at Regions Bank.”
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $125 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, mortgage, and insurance products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,600 banking offices and 2,000 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.
nCino is the worldwide leader in cloud banking. With its Bank Operating System, built on the Salesforce platform, financial institutions can deliver the speed and digital experience that customers expect, backed by the quality and transparency that bankers need. Follow @nCino or visit www.ncino.com.